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ARTICLES

Pence seeks $86M fund to enhance quality of life

Gov. Mike Pence wants to create an $85.6 million fund to help metro areas improve their quality of life, a new kind of economic development strategy for a state that historically plays up low taxes and highway access.
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Cummins reveals design for new distribution HQ

The building, which will include a 10-story office tower with 15,000 square feet of retail on the first floor and significant public green space, will be built on four acres where Market Square Arena stood.
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Red Gold plans expansion after bumper tomato crop

The Indiana-based tomato processor is spending more than $8.5 million to add more than 250,000 of space to its facilities in Geneva.
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Indiana Limestone Co. digs out of deep hole

In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
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Sallie Mae spinoff Navient tries not to shrink

Navient Corp., which employs 2,300 in its Fishers, Indianapolis and Muncie offices, is in the running for a big contract with the U.S. Department of Education even as the student-loan-servicing company faces criticism after admitting it overcharged military service members by millions of dollars.
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Greensburg factory to invest $28M, add 250 workers

Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
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Beck’s Hybrids prospers against far bigger firms

When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
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IEDC urging government bets on spec-building

The Indiana Economic Development Corp. is encouraging local governments to help finance speculative industrial buildings, which could land new businesses but could put at risk hundreds of thousands in taxpayer dollars.
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First family gives TLC to little-used Brown County cabin

The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
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Investors seek payoff from Indiana oil wells that big players ignore

Indiana is experiencing a mini oil-boom, thanks to some big producers, but some small, private investors are also in on the game, through Indianapolis-based Midwest Energy Partners, formed four years ago by former CountryMark executive Bill Herrick.
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